GREECE - Marfin to to make EUR 62m Olympic acquisition

Of the purchase price of EUR 62.4m, EUR 45.7m is thought to represent the cost of purchasing the company's flying operations, while the remaining EUR 16.7m accounts for the technical base. The Government is said to have rejected a higher bid put in by private airline operator Aegean Airlines over concerns the deal would be rejected by EU anti-trust authorities.

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• Topics
• Buyouts
• Southern Europe